The creation of a Capital Markets Union is one of the key priorities of the Juncker Commission’s Investment Plan. Under the proposed plan, investment and finance systems in Europe that have traditionally relied on banks will be complemented and diversified. The aim is to unlock capital that is currently frozen in Europe, giving savers the possibility to better invest their funds across borders and giving businesses the opportunity to raise funds from a diverse range of sources. But where does the Commission stand now, two years after putting forward this goal? What are the main challenges that are still needed to be overcome in order for it to be fully achieved? We are delighted to welcome Mr Foulger on this topic again, providing us with Cabinet-level updates, following up on his last presentation at the chamber a bit more than a year ago.
Member of Dombrovskis Cabinet | European Commission
Lee Foulger is a Cabinet Member for Vladis Dombrovskis covering Financial Markets and Capital Markets Union. He was also a Cabinet Member to Commissioner Jonathan Hill, prior to Hill’s resignation. Mr Foulger started his professional career at the HM Treasury in 2001, where he obtained various different positions dealing with financial services, growth and taxation. Following that, he was involved in the creation of the ESAs, bank resolution and shadow banking at the European Commission. Between 2011 and 2014 he worked as the Head of Securities Markets Policy at Deutsche Bank, covering capital markets regulations.